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From Tulip Bulbs to Sub
From Tulip Bulbs to Sub

... other firms in their sector) to increase earnings per share, financial institutions in saturated markets, having already exhausted new product offerings to existing customers, sought to increase profits. While revenue expansion is not the only way to increase profits, it is, historically, the prefer ...
Chapter 14
Chapter 14

... • bankers take on more risk than they would normally, since they get the benefits while the government assumes the costs • government’s too-big-to-fail policy limits the extent of the market discipline depositors can impose on banks ...
Presentation - British Institute of International and Comparative Law
Presentation - British Institute of International and Comparative Law

... • Based upon Article 87 (3)(c) EC. • Is this an political or economic assessment? • Covers sector as well as individual banks • Not a general precedent for reacting to crises ...
Christina Romer, Chair Council of Economic Advisors
Christina Romer, Chair Council of Economic Advisors

Financial Globalization
Financial Globalization

“Asset Prices, Financial Stability and Monetary Policy” by F.Allen
“Asset Prices, Financial Stability and Monetary Policy” by F.Allen

... Very clear and thorough presentation of the debate on “what should central banks do about real estate bubbles?” Discusses facts and theory:  Reinhart and Rogoff (2009): new evidence that house price bubbles are frequent and often ...
FRBSF E L CONOMIC ETTER
FRBSF E L CONOMIC ETTER

... macroeconomic crises in emerging market economies.Typically these crises have been characterized by the sudden stop of capital inflows, the collapse of fixed exchange rate regimes, falls in asset prices, and sharp declines in output.The papers presented at this conference analyze the causes and cons ...
Chapter 15
Chapter 15

Where Macro is, and Where it`s Going
Where Macro is, and Where it`s Going

anatomy of a financial crisis
anatomy of a financial crisis

Fall 2009 - Stonebrooke Asset Management Ltd
Fall 2009 - Stonebrooke Asset Management Ltd

... It is becoming clear that inflationary policies are being actively pursued. Money will be borrowed and/or printed for as long as it takes. To head off deflation, the liquidity may just keep flowing until inflation is finally visible! After the 2000-02 financial panic, interest rates were lowered to ...
“The exorbitant priviledge” (Giscard d`Estaing)
“The exorbitant priviledge” (Giscard d`Estaing)

... • Debt being used to inflate value of assets against which more debt is raised to re-start the cycle Financial innovation/Derivatives • Also used to evade legislative oversight ...
presents at the Humboldt Distinguished Lecture Series in Applied Mathematics
presents at the Humboldt Distinguished Lecture Series in Applied Mathematics

Paul Glasserman
Paul Glasserman

... These lectures will cover problems of mathematical modeling that arise from efforts to enhance the stability of the financial system. The first two lectures will address contingent capital for banks in the form of debt that converts to equity when a bank nears financial distress. Contingent capital ...
Slide 1
Slide 1

Economic 157b - Yale University
Economic 157b - Yale University

Financial University lecture, Moscow 27.10.10 “Financial
Financial University lecture, Moscow 27.10.10 “Financial

Help - Birkbeck, University of London
Help - Birkbeck, University of London

A summary of financial crisis in 2008
A summary of financial crisis in 2008

Impact of Credit Crisis on Economy
Impact of Credit Crisis on Economy

... Insurance Fund insures deposits up to a maximum of B$50,000 held by any individual or company in any one financial institution. The Central Bank acknowledges that there has been an increase in the level of non-performing loans, which at end-August, stood at 10.7% of total loans compared with 9.2% at ...
Who bears the costs of the financial crisis
Who bears the costs of the financial crisis

I was asked to speak to you about the recently announced Budget
I was asked to speak to you about the recently announced Budget

Fundamentals of Corporate Finance
Fundamentals of Corporate Finance

... Corporate Structure Sole Proprietorships ...
Assessment of alternative international monetary regimes
Assessment of alternative international monetary regimes

More Information
More Information

... domestic product. As of Sept. 30, 2012, these same institutions, which are all TARP recipients and have all since paid back the funds, held $8.7 trillion in assets. This is about 55 percent of the nation’s gross domestic product. In order to reverse this trend, SIGTARP recommends the Treasury and fe ...
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Financial crisis

The term financial crisis is applied broadly to a variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults. Financial crises directly result in a loss of paper wealth but do not necessarily result in changes in the real economy.Many economists have offered theories about how financial crises develop and how they could be prevented. There is no consensus, however, and financial crises continue to occur from time to time.
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